New wells in Lower 48 push up US gas production through 2023

Monday, 07 March 2022

High spot prices are spurring a rise in marketed gas production in the United States to a record 106.6 billion cubic feet per day (Bcf/d). According to government forecasts, production from new wells in the Lower 48 states will more than double to 37.8 Bcf/d, offsetting falling output from legacy wells and lifting total L48 production to 103.7 Bcf/d in 2023. LNG export stand to benefit from this additional supply.

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